I'm not sure what TAXES Dale is referring to....as a property manager and landlord, I L♥VE that I have deductions and depreciation against my regular income....THAT MAKES BEING A LANDLORD FUN!
Wallace, I think owning income property is the little guy's equivalent of billionaires owning an NFL team. Even if you lose money you make money. Of course, if you show a profit you still make money.
Mike, I would not say I am getting rich off my rentals, but, it is better most of the time than the money sitting in the bank at 1/2%.
Bill, I thought I heard someone say you were the Donald Trump of North Branch.
Well that's a relief. I thought you were going to fire me. I'll still keep you on my Moguls and Tycoons list for the northern latitudes of the metro.
Dale, who pays the taxes? Raise the rent and cry all the way to the bank:)